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With its financial closing, the Sebastopol complex will take the first step to start operations in 2021. It will be able to process 100mbd.

The Spending and Public Investment Commission recommended reforming the General System of Royalties (SGR), to eliminate the lack of flexibility in the specific-destination percentages established in the constitutional norms.

President Santos ordered the immediate return of the new chief negotiator in the dialogues with the ELN, Gustavo Bell, after the guerrilla attacked in Casanare and Arauca.

GasThe Energy and Gas Regulation Commission (CREG) is working on new methodologies on issues relevant to the gas sector. The new rules are generating discontent between the government and industry.

GasLast month, Gas Natural Fenosa sold its 59.1% stake in Gas Natural SA to Canada’s Brookfield, for EUR$482M.

Representatives from Ecopetrol (NYSE: EC) and Oxy (NYSE:OXY) delivered infrastructure projects during 2017, as part of their initiatives aimed at strengthening the quality of life for public officials in Arauca. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

José María Castro, Manager of Sociedad Portuaria El Cayao (Spec), spoke about the Liquefied Natural Gas (LNG) market, prices and the regasification plant of Cartagena.

With the aim of assuring a better distribution of royalties’ resources for the regions,Santander’s Governor Didier Tavera proposed a reform to the General System of Royalties (SGR). These and other stories in our periodic Royalties summary.

A study by the Colombian Petroleum Association (ACP) said that most of the investments planned for next year will go to the development of onshore projects.

Ecopetrol (NYSE: EC) announced a new oil discovery in the Middle Magdalena Valley Basin (VMM) in the department of Santander.